High Street, Ramsgate
£420,000
£76.36 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
5,500 sq ft
511 sq m
- SECTOR
Commercial property for sale
Key features
- Freehold commercial property
- Approximately 5,500 sq ft across three floors
- Prominent Ramsgate High Street location
- Established ground-floor occupier
- Approximate gross yield of 8.43% based on the current rent and guide price
- Considerable redevelopment and income-growth potential
- Business also available separately for £150,000
Description
Substantial Freehold Investment & Development Opportunity – Ramsgate High Street
An exceptional opportunity to acquire a substantial freehold commercial property extending to approximately 5,500 sq ft, arranged across three floors and occupying a prominent position on Ramsgate High Street.
The ground floor is occupied by a successful children’s role-play centre and integrated café, currently paying £35,400 per annum (£2,950 pcm). The business has traded from the property since 2020 and attracts approximately 560 visitors per week.
The extensive first and second floors are currently vacant and provide significant scope for redevelopment, reconfiguration or additional income generation. Their size, largely open-plan arrangement and town-centre location make this a particularly exciting opportunity for an investor or developer, subject to the necessary planning permissions and consents.
The Property - The building comprises a large ground-floor commercial space together with two extensive upper floors.
The ground floor is fully fitted and operational as a children’s role-play centre and café. The upper floors are currently vacant and are arranged as a mixture of substantial open-plan areas and individual rooms.
The photographs demonstrate the exceptional scale of the upper accommodation. Certain areas have already undergone preparatory works, while other sections retain exposed brickwork and original features, providing a purchaser with a flexible blank canvas from which to develop their own plans.
Ground-Floor Occupier - The ground floor is occupied by a well-established children’s role-play centre and café which has traded successfully since 2020.
The occupier currently pays:
Annual rent: £35,400
Monthly rent: £2,950
The existing business wishes to remain in occupation and would require a new lease protected under the Landlord and Tenant Act 1954. The new lease will be subject to agreed terms and landlord approval, with full details available upon request.
Based solely on the current annual rent of £35,400 and the guide price of £420,000, the property produces an approximate gross yield of 8.43%, before acquisition costs and excluding any future income generated from the upper floors.
Business Available Separately - The children’s role-play centre and café business is also available to purchase by separate negotiation for a guide premium of £150,000.
The business sale includes its fixtures and fittings, themed play equipment, fully fitted café, catering equipment, website, booking system, social-media accounts, forward bookings, operational systems and goodwill.
The business premium is not included within the freehold asking price.
First And Second Floors - The vacant upper accommodation represents a major part of this opportunity.
Arranged across two substantial floors, the space provides an exceptional amount of undeveloped accommodation in the centre of Ramsgate. The layout includes large open-plan areas, separate rooms, exposed brickwork, structural steelwork, natural light and WC facilities.
The upper floors may offer potential for:
> Residential conversion
> Apartments or serviced accommodation
> Offices or co-working space
> Studios or creative workspace
> Educational or community use
> Leisure or wellbeing facilities
> Storage or additional commercial accommodation
> Private hire or event space
Any change of use, conversion or redevelopment would be subject to planning permission, building regulations, structural assessment and all other necessary consents.
Once refurbished and brought into use, the upper floors could provide a substantial additional income stream alongside the established ground-floor rent
Investment And Development Potential - The property offers a particularly attractive combination of:
> Immediate rental income from the ground floor
> An established occupier wishing to remain
> Two vacant floors ready for improvement
> Scope to increase the property’s total rental income
> Potential for capital appreciation through redevelopment
> A prominent and accessible town-centre location
This makes the property suitable for investors seeking an income-producing asset with significant value-add potential, as well as developers looking for a substantial conversion opportunity.
An exceptional opportunity to acquire a substantial freehold commercial property extending to approximately 5,500 sq ft, arranged across three floors and occupying a prominent position on Ramsgate High Street.
The ground floor is occupied by a successful children’s role-play centre and integrated café, currently paying £35,400 per annum (£2,950 pcm). The business has traded from the property since 2020 and attracts approximately 560 visitors per week.
The extensive first and second floors are currently vacant and provide significant scope for redevelopment, reconfiguration or additional income generation. Their size, largely open-plan arrangement and town-centre location make this a particularly exciting opportunity for an investor or developer, subject to the necessary planning permissions and consents.
The Property - The building comprises a large ground-floor commercial space together with two extensive upper floors.
The ground floor is fully fitted and operational as a children’s role-play centre and café. The upper floors are currently vacant and are arranged as a mixture of substantial open-plan areas and individual rooms.
The photographs demonstrate the exceptional scale of the upper accommodation. Certain areas have already undergone preparatory works, while other sections retain exposed brickwork and original features, providing a purchaser with a flexible blank canvas from which to develop their own plans.
Ground-Floor Occupier - The ground floor is occupied by a well-established children’s role-play centre and café which has traded successfully since 2020.
The occupier currently pays:
Annual rent: £35,400
Monthly rent: £2,950
The existing business wishes to remain in occupation and would require a new lease protected under the Landlord and Tenant Act 1954. The new lease will be subject to agreed terms and landlord approval, with full details available upon request.
Based solely on the current annual rent of £35,400 and the guide price of £420,000, the property produces an approximate gross yield of 8.43%, before acquisition costs and excluding any future income generated from the upper floors.
Business Available Separately - The children’s role-play centre and café business is also available to purchase by separate negotiation for a guide premium of £150,000.
The business sale includes its fixtures and fittings, themed play equipment, fully fitted café, catering equipment, website, booking system, social-media accounts, forward bookings, operational systems and goodwill.
The business premium is not included within the freehold asking price.
First And Second Floors - The vacant upper accommodation represents a major part of this opportunity.
Arranged across two substantial floors, the space provides an exceptional amount of undeveloped accommodation in the centre of Ramsgate. The layout includes large open-plan areas, separate rooms, exposed brickwork, structural steelwork, natural light and WC facilities.
The upper floors may offer potential for:
> Residential conversion
> Apartments or serviced accommodation
> Offices or co-working space
> Studios or creative workspace
> Educational or community use
> Leisure or wellbeing facilities
> Storage or additional commercial accommodation
> Private hire or event space
Any change of use, conversion or redevelopment would be subject to planning permission, building regulations, structural assessment and all other necessary consents.
Once refurbished and brought into use, the upper floors could provide a substantial additional income stream alongside the established ground-floor rent
Investment And Development Potential - The property offers a particularly attractive combination of:
> Immediate rental income from the ground floor
> An established occupier wishing to remain
> Two vacant floors ready for improvement
> Scope to increase the property’s total rental income
> Potential for capital appreciation through redevelopment
> A prominent and accessible town-centre location
This makes the property suitable for investors seeking an income-producing asset with significant value-add potential, as well as developers looking for a substantial conversion opportunity.
Brochures
High Street, Ramsgate
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ramsgate Station0.7 miles
- Dumpton Park Station0.9 miles
- Broadstairs Station2.0 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference 34832684. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Manyweathers Commercial, Manston. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.